Dr. Atkinson, I think Obama needs to consider a Neo-Keynesian approach in order to stabilize the economy then the Innovation Economics approach can be explored. I don't feel that Rubinomics has a place in the current economic dynamic, it is much better suited for when there is economic expansion taking place, not contraction.
I think for the self preservation of the US Economy the Government needs to be the economic referee. I don't think we ever get comfortable results when business is left to its own devices, for there is an inherent arrogance cultivated within the business psyche which, when combined with willful blindness and lack of self scrutiny, robs the private sector of the required tools of responsible economic stewardship.
I also don't think that the form of Government oversight needs to be necessarily draconian ... Government regulation should be more like a condom, allowing for economic intercourse between willing partners, but preventing unwanted byproducts and contamination that may spread detrimentally throughout the greater economy.
About Barack Obama
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